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Re: Efficiency of the markets
Mukul,
I agree with you if you recognize that in addition to strong & competent,
we
need a LIMITED government, i.e., once rules are drawn up, the economy is
left essentially alone as long as they are followed.
>Privatization works best when there is strong and competent government and
>regulary structures. So pre-condition for privatization is institutional
>and
>capacity building plus greater resources devoted to the government!!
>
>Mukul Asher
- manoj
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